Getting Your Home Ready for Appraisal

Deciding to put your home on the market and getting your appraisal next can be a scary experience. All your do-it-yourself projects will be judged for their weight in dollars, and it can determine thousands of dollars lost or made. 

But it doesn't have to be this way; with the proper tools and know-how, this experience can spring you forward into your next home. Gaining a little extra cash by making the proper improvements and repairs will be worth it in the end. Plus its a true test of your man skills

Here's what you want to do

Just like any other big life decision, you do your homework to better serve yourself. Find out the appraiser's market knowledge of the area. Having a local, well-rounded, veteran, state certified appraiser is who you want. They're good at what they do, they've been around the area long enough to see changes, and have a confident base of the market. 

Check the maintenance 

Your maintenance costs are your smaller costs. Anything like a chipped shingle, snagged rug, or broken mailbox; fix it before the appraiser comes. Any little defect could chip away at your home's value. 

Keep a list of updates/renovations done to the home, and keep the receipts that went with it. This is a sure way to keep track of what you spent on the upgrades, so you can figure out how much you've put in against what you expect to get back.

Maximize your curb appeal

An inspection is puting your home to the test, so it has to be the nicest one on the block. 

Landscaping is the first thing anyone sees when walking up to the house. it's the first impression, and it's the lasting impression. Clear out all the debris and spruce up your flowers to make it look new. 

Ensure appliances work 

If your appliances area bit tricky, faulty, or just plain don't work, you're in trouble. These big items are highly valuable pieces in your home, so they need to be working in order to get top dollar for the entire home.

Be proud of your home 

Even if your decorating skills scare a few people, at least it shows its cared for. This doesn't mean go out shopping one day and get yourself a home makeover, but just keep the home tidy and smelling clean. This shows your home is well taken care of, showing you like the home at its best. 

Know the neighborhood 

Before you decide to put your house on the market, make sure you know the comparable sales around you. This will be the greatest predictor of your home's value. 

It wouldn't hurt to let your appraiser know if any home on the block had an emergency and had to sell immediately. Getting out in a hurry could make the buyer more inclined to get their ofer price. It's essential you all are on the same page in knowning the neighborhood.

Cost does not equal value 

One of the main reasons people upgrade their home is to financially gain when they sell their house. However, some remodels don't bring back every dollar spent, and sometimes none at all.

If you have a $20,000 pool, and plan on upgrading at the cost of $50,000; your total won't be $70,000. In fact, the market might even say it's only worth $6,000 more. Knowing which rooms to upgrade and which to focus on more can really impact your botom line. 

Reach out if you're uphappy

At the end of the day, if you've done everything you can but still received with a poor appraisal, you can follow up with them on the phone and ask what areas need work. Make sure you have data to back up and claims you make.

Don't be afraid of these people. They have a job to do, and you can request they do it again. If need be, you can notify the appraisal board you feel you have been given an unfair appraisal. Remember, they are the ones with the license, and wouldn't like it to be questioned. 

Just talk to them and ask what you can do to have a better appraisal. Good luck!

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